Oppenheimer Asset Management Inc. Makes New Investment in TreeHouse Foods, Inc. (NYSE:THS)

Oppenheimer Asset Management Inc. purchased a new position in shares of TreeHouse Foods, Inc. (NYSE:THS) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,194 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds have also recently modified their holdings of the business. Signaturefd LLC lifted its position in TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock valued at $42,000 after purchasing an additional 296 shares in the last quarter. Pullen Investment Management LLC grew its stake in shares of TreeHouse Foods by 2.0% during the 2nd quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock valued at $776,000 after acquiring an additional 408 shares during the period. Verdence Capital Advisors LLC increased its holdings in TreeHouse Foods by 5.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock worth $381,000 after acquiring an additional 499 shares in the last quarter. ProShare Advisors LLC raised its stake in TreeHouse Foods by 6.0% during the 1st quarter. ProShare Advisors LLC now owns 10,227 shares of the company’s stock worth $398,000 after acquiring an additional 579 shares during the period. Finally, Wedge Capital Management L L P NC lifted its holdings in TreeHouse Foods by 2.3% during the second quarter. Wedge Capital Management L L P NC now owns 36,945 shares of the company’s stock valued at $1,354,000 after purchasing an additional 846 shares in the last quarter. Institutional investors own 99.81% of the company’s stock.

Insiders Place Their Bets

In other TreeHouse Foods news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $42.34, for a total value of $127,020.00. Following the sale, the executive vice president now directly owns 20,784 shares of the company’s stock, valued at approximately $879,994.56. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

THS has been the subject of a number of analyst reports. Barclays reduced their price objective on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday, November 13th. Consumer Edge lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research note on Friday, November 15th. Stifel Nicolaus lowered their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research report on Wednesday, November 13th. Truist Financial cut their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, November 13th. Finally, Mizuho boosted their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Trading Up 2.1 %

Shares of THS stock opened at $34.24 on Thursday. The stock’s 50-day moving average price is $39.03 and its 200-day moving average price is $38.13. TreeHouse Foods, Inc. has a 12-month low of $28.04 and a 12-month high of $43.84. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of -72.85 and a beta of 0.23. The company has a current ratio of 1.40, a quick ratio of 0.53 and a debt-to-equity ratio of 0.90.

TreeHouse Foods (NYSE:THS) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The company had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. Equities research analysts predict that TreeHouse Foods, Inc. will post 2.15 EPS for the current fiscal year.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.